>>
|
No. 74253
File
143889164951.jpg
- (87.96KB
, 620x441
, putin-tusk-crash-s_1614334i.jpg
)
>>74229
Keynes would balk at throwing money at a military industrial complex. Part of the reason giving money to the military worked was because it indirectly subsidized vital industries that were in their infancy (automobiles, highways, fossil fuels, planes). In an advanced economy, simply throwing money at the military is an exercise in waste. Look at Putin's several hundred billion dollar "re-armament" program, pouring endless funds into the least efficient sector of their economy, while leaving the hinterland to be opened up by Chinese investment.
Keynes would have wanted the money to be directed where there was need. Not to mention, many war industries, Boeing for example, supply the private sector. Simply throwing money at them is going to come at the expense of private sector needs, especially since production can't be ramped up overnight.
You make 100 airplane parts at your factory, of which fifty are bought by the military, and fifty are bought by commercial airlines. The government doubling its air force will simply take the entire supply, and leave no spare parts for the civilian airforce. Eventually, they start falling from the sky, because civilians cannot compete with the ridiculous (and cyclical) demand from the military.
Russia is so cynical they used this incompetence as an excuse for that crash that killed the Polish presidential cabinet.
|